# Latam Daily:  Quiet Latam; Peru GDP Recap | Post

> Latam markets showed a risk-off tone with the dollar strengthening against major currencies and the Mexican peso down about 0.9%. Peru reported November GDP growth of 0.3%, and Middle East and Red Sea risks were highlighted as threats to inflation.

- Date: 2024-01-16 · published 2024-01-16T12:00:00.000Z
- Category: macro · region Latam · magnitude low
- Page: https://feedsoft.ai/events/32416-latam-daily-quiet-latam-peru-gdp-recap-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger dollar and risk-off moves in regional currencies are a macro backdrop that can affect the cost of imported feed inputs, but the piece has no direct commodity supply news.

## Read by commodity

- DXY: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-14 | [Latam FX falls as dollar rises, Peru's sol bucks trend \| Reuters](https://feedsoft.ai/events/36693-latam-fx-falls-as-dollar-rises-peru-s-sol-bucks-trend-reuters.md) | +0.6% | +0.5% |
| DXY | 2019-09-30 | [Latam markets subdued as trade woes persist \| Financial Post](https://feedsoft.ai/events/57337-latam-markets-subdued-as-trade-woes-persist-financial-post.md) | -0.2% | -1.4% |
| DXY | 2022-01-27 | [Strong dollar hits Latam FX, Russian assets rise \| Financial Post](https://feedsoft.ai/events/43348-strong-dollar-hits-latam-fx-russian-assets-rise-financial-post.md) | +0.1% | +0.7% |
| DXY | 2022-06-29 | [Fed rate hike bets hit Latam assets; Brazil's real jumps \| Financial Post](https://feedsoft.ai/events/41148-fed-rate-hike-bets-hit-latam-assets-brazil-s-real-jumps-financial-post.md) | +2.0% | +1.8% |
| DXY | 2023-04-17 | [EMERGING MARKETS-Peru's sol outpaces Latam FX, firm dollar caps gains \| Kitco News](https://feedsoft.ai/events/36695-emerging-markets-peru-and-apos-s-sol-outpaces-latam-fx-firm-dollar-caps-gains.md) | +0.4% | +0.4% |

## Sources

- scotiabank.com: https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.daily-publications.latam-daily.latam-daily.2024-issues.-january-16-2024-.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.